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Tasmania's Debt Forecasted at $10.4 Billion by 2029

11/7/2025

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Summary

Story summary

Tasmania's Treasurer Eric Abetz forecasts state debt to reach $10.4 billion by 2028-29 in an interim budget.
The budget includes three minor savings measures projected to save $12 million annually.
Economists describe the budget as a missed opportunity that lacks concrete debt and deficit solutions.
Abetz attributes the strain to COVID-19 and past government decisions and plans decisive actions in the next budget to avoid an economic shock.

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Story summary

Tasmania's Treasurer Eric Abetz forecasts state debt to reach $10.4 billion by 2028-29 in an interim budget.
The budget includes three minor savings measures projected to save $12 million annually.
Economists describe the budget as a missed opportunity that lacks concrete debt and deficit solutions.
Abetz attributes the strain to COVID-19 and past government decisions and plans decisive actions in the next budget to avoid an economic shock.